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DFAS vs VTWO

Dimensional US Small Cap ETF

DFASBNYSE Arca

Vanguard Russell 2000 ETF

VTWOANasdaq

Overlap

Expense ratio

VTWO −0.20pt a year

DFAS0.26%VTWO0.06%

Avg volume · 30D

VTWO 2.9×the volume

DFAS496KVTWO1.45M

5Y return · a year

DFAS +1.7pt

DFAS+7.3%VTWO+5.6%

DFAS vs VTWO Performance

Oct 29, 2021 – Oct 30, 2026

+42.4%DFAS+31.3%VTWO

Oct 29, 2021 to Oct 30, 2026. DFAS +42.4%. VTWO +31.3%. Use the arrow keys to read each point.−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DFAS 0.26%
VTWO 0.06%, better
Fund size
DFAS $34.4B
VTWO $17.3B
1Y total return
DFAS +18.5%, better
VTWO +14.8%
Yield (12M)
DFAS 1.01%
VTWO 1.20%, better
Holdings
DFAS 2100
VTWO 2000
Avg volume (30D)
DFAS 496K sh
VTWO 1.45M sh, better
NAV per share
DFAS $79.57
VTWO $112.88
52W range

ETF.net Grade

DFAS: Cost 34, Risk 63, Mission 100, Tradability 69, Holdings 80, Durability 74. VTWO: Cost 75, Risk 34, Mission 100, Tradability 54, Holdings 70, Durability 83.
Pillar letters and Scores for DFAS, VTWO, with each pillar’s weight
PillarDFASVTWO
Cost30% weightD34A75Higher
Mission25% weightA100A100
Risk15% weightB63HigherD34
Tradability15% weightB69HigherC54
Holdings10% weightA80HigherA70
Durability5% weightA74A83Higher

Rank among US Small-Cap funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFAS and VTWO are both graded against the same 16 US Small-Cap funds, so their Grades compare head to head.

US Small-Cap⁠

Category · 16 funds
See all 16 ›

VTWO ranks 4th and DFAS 7th of 16 funds in the US Small-Cap Category.

  1. Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
  2. Rank 2AVBVanguard Morningstar Small-Cap ETFScore 77
  3. Rank 3ABKSEBNY Mellon US Small Cap Core Equity ETFScore 72
  4. Rank 4AVTWOVanguard Russell 2000 ETFScore 71
  5. Rank 5ASMMDiShares Russell 2500 ETFScore 69
  6. Rank 6BIWMiShares Russell 2000 ETFScore 68
  7. Rank 7BDFASDimensional US Small Cap ETFScore 66
  8. Rank 8BRSSLGlobal X Russell 2000 ETFScore 65

Our read on each fund

ETF.net Research

DFASBDimensional US Small Cap ETF

VTWOAVanguard Russell 2000 ETF

In short

DFAS No data

VTWO The Russell 2000 is the small-cap benchmark every headline quotes. VTWO is Vanguard's cheap seat on it: about 2,000 small US companies for 0.06% a year, a fraction of the fee on the best-known fund tracking the same index.

Stated mandate

DFAS No data

VTWO The fund invests in stocks in the Russell 2000 Index and seeks to closely track that index's return, representing small-cap U.S. stock exposure.

Why people hold it

DFAS No data

  • VTWO Same index, smaller toll. VTWO charges 0.06% while IWM, the other big Russell 2000 tracker, charges 0.19%. The small-cap category median is 0.25%.vanguard.com
  • Holds roughly 2,000 stocks, the whole small-cap benchmark rather than a trimmed slice. A multi-billion-dollar fund, actively traded, running since 2010 and paying quarterly.
  • Tracking has been about as tight as this corner of the market gets, one of the closest index-replication records among US small-cap funds.

Worth knowing

DFAS No data

  • VTWO Small-cap stocks swing harder than large caps, and this fund stays fully invested in them through the rough stretches.vanguard.com
  • Cheaper exists on the shelf: VB and SCHA run 0.03%, though they follow different small-cap indexes with different membership rules.
  • The Russell 2000 rebuilds its membership on a published schedule (June, plus a December rebalance from 2026), which packs index-driven trading into those dates.lseg.com

Full DFAS profile⁠

Full VTWO profile⁠

DFAS vs VTWO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFAS vs VTWO Cost

Overpaying DFAS vs VTWO

$4,088

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFAS 0.26%

    $5,358

  • VTWO 0.06%

    $1,270

$10,000
30 years

Cost over time

  • DFAS 0.26%
  • VTWO 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530DFAS $5,358VTWO $1,270

Year by year

YearDFASVTWOOverpaying
10$473$110$363
20$1,838$432$1,406
30$5,358$1,270$4,088

Expense ratio

  • 0.26%DFAS
  • 0.06%VTWO, cheaper
  • Middle half of US Small-Cap funds
  • Median 0.20%

VTWO 4th cheapest of 16 funds

DFAS 11th cheapest of 16 funds

DFAS vs VTWO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFAS 1.01%
VTWO 1.20%, better
Payout (12M)
DFAS $0.81
VTWO $1.36
Last payment
DFAS $0.20
VTWO $0.39
Ex-dividend
DFAS Sep 22, 2026
VTWO Sep 23, 2026
Paid on
DFAS Sep 24, 2026
VTWO Sep 25, 2026
Frequency
DFAS Quarterly
VTWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DFASQuarterly · 22 paymentsAll DFAS payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Jun 22, 2021 $0.08; Sep 21, 2021 $0.13; Dec 16, 2021 $1.51; Mar 22, 2022 $0.08; Jun 22, 2022 $0.14; Sep 20, 2022 $0.13; Dec 20, 2022 $0.18; Mar 21, 2023 $0.10; Jun 21, 2023 $0.16; Sep 19, 2023 $0.16; Dec 19, 2023 $0.17; Mar 19, 2024 $0.10; Jun 18, 2024 $0.17; Sep 17, 2024 $0.16; Dec 17, 2024 $0.18; Mar 25, 2025 $0.13; Jun 24, 2025 $0.17; Sep 23, 2025 $0.19; Dec 16, 2025 $0.20; Mar 24, 2026 $0.17; Jun 23, 2026 $0.24; Sep 22, 2026 $0.20. Use the arrow keys to read each point.$0$12017202020232026YTD
VTWOQuarterly · 39 paymentsAll VTWO payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.09; Jun 28, 2017 $0.19; Sep 27, 2017 $0.19; Dec 14, 2017 $0.25; Mar 22, 2018 $0.09; Jun 28, 2018 $0.21; Sep 26, 2018 $0.23; Dec 13, 2018 $0.22; Mar 25, 2019 $0.09; Jun 21, 2019 $0.23; Sep 26, 2019 $0.25; Dec 16, 2019 $0.33; Mar 26, 2020 $0.06; Jun 25, 2020 $0.16; Sep 11, 2020 $0.16; Dec 17, 2020 $0.34; Mar 26, 2021 $0.15; Jun 29, 2021 $0.17; Sep 29, 2021 $0.22; Dec 16, 2021 $0.47; Mar 24, 2022 $0.12; Jun 29, 2022 $0.22; Sep 28, 2022 $0.29; Dec 15, 2022 $0.42; Mar 23, 2023 $0.22; Jun 23, 2023 $0.23; Sep 21, 2023 $0.32; Dec 19, 2023 $0.40; Mar 21, 2024 $0.17; Jun 27, 2024 $0.30; Sep 26, 2024 $0.28; Dec 23, 2024 $0.33; Mar 25, 2025 $0.25; Jun 20, 2025 $0.25; Sep 24, 2025 $0.34; Dec 22, 2025 $0.40; Mar 24, 2026 $0.26; Jun 18, 2026 $0.30; Sep 23, 2026 $0.39. Use the arrow keys to read each point.$0$12017202020232026YTD

DFAS vs VTWO Risk

Fall from peak · 5 years

  • DFAS
  • VTWO
Oct 29, 2021 to Oct 30, 2026. Worst fall: VTWO −31.9% · Jun 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DFAS 17.1%, betterVTWO 19.0%
Return per unit of riskSharpe ratio, 3 years
DFAS 0.81VTWO 0.86, better
Worst fallMax drawdown, 5 years
DFAS −26.1%, betterVTWO −31.9%
Market sensitivityBeta, 5 years
DFAS 1.03VTWO 1.14

DFAS and VTWO in the news

All news⁠

Popular comparisons

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